As many of you know, I was away from this blog for a few days dealing with a death in the family. During that time, Fishers announced Miebach, a firm headquartered in Germany, plans to move its North American headquarters from downtown Indianapolis to Fishers
The Fishers Redevelopment Commission approved an Economic Development Agreement with Miebach Tuesday afternoon. Fishers Economic Development Director Megan Baumgartner said Miebach will occupy space in the Link building, once known as Navient. The 23 employees working now in Indianapolis will come to the Fishers location, and Miebach plans to add 22 workers to the Fishers office.
The employees will be earning $44-$53 per hour. The firm plans to spend $2.5 million in capital investments at the Fishers office.
Miebach will have access to training funds as part of the agreement, but when asked by a commission member, Baumgartner admitted that over the past 2 years, businesses moving to Fishers with access to training funds have not used any of that funding.
Miebach is a supply chain consulting firm.
Regarding the Link building, Baumgartner told commission members with Navient only using a small portion of that structure, the building is two-thirds vacant now, even with several operations that have recently moved into Link space.
In other items on the agenda approved unanimously by the Redevelopment Commission:
–A confirmatory resolution creating the Professional Sports and Convention Development Area for the new Events Center currently under construction. City Councilor David Giffel was the only comment during the public hearing and he praised the advantages for the city in creating this district.
–Declaratory Resolution for the District South Allocation Area, relating to development coming to the south side of South Street in downtown Fishers’ Nickel Plate District.
–The annual Tax Increment Financing (TIF) report was shared with the commission members. It shows that in 2022, about 1,300 jobs were created in TIF Districts. The report also lists the average salary of the new jobs at $94,800 a year, with a total investment amount of over $1.2 million. You can read the entire report at this link.